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20120925
20121003
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KPIX (CBS) 1
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CBS
Sep 27, 2012 12:00pm PDT
the citibank thing that these venues, now under construction, will be ready in time. >> the america's cup races in the san francisco bay brought thousands to the shoreline this summer. the second round of a preliminary races next week will likely do the same but is having the america's cup here worth the risk? >> that is a good question. >> definitely. >> you have a dilapidated pier down there. >> seven sister needs to have appear prepared for the main events and if not the city would be liable for escalating payments starting at more than $29,000 per day. up to $9.8 million to be paid to race organizers. on the biggest projects, pier 27 where a cruise ship terminal will turn into a spectator village. it was damaged by a fire on june 20th and if it is not finished in time the contractor would have to pay the city $5,000 every day but that is a fraction of the city's liability. the other peers promised to the events, pierce 3332. >> i'm very excited because what they're building year will probably be a big improvement from what was here in the past, so walking along this path it is nice to see t
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